Snapchat Lands $13.5 Million in Round Led By Benchmark Capital

Snapchat, the popular photo and video message app known for messages that disappear after a short time, has raised a $13.5 million round of venture capital funding in a round led by Benchmark Capital, at an implied valuation of $60-70 million according to a report in The New York Times. The company says its users send more than 60 million photos a day. (Correction: The original headline on this item said Bessemer Ventures. Sorry about that.)

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